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    1401 Division Ave West Palm Beach, FL 33401

    For Sale
    $2,500,000

    Fully renovated 13-unit multifamily property in a high-growth area.

    Lot size:
    0.61 Acres

    Property Features for 1401 Division Ave

    General Information

    Lot size
    0.61 Acres

    Building Details

    Year built
    1913

    Source: Kanga Property Management Agent Scott Alexander

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Multifamily Property in West Palm Beach

    This is a 13-unit multifamily property located in West Palm Beach. The property was fully renovated in 2021, with new mechanical systems, impact-rated windows and doors, and modern interior finishes. The unit mix includes five 2-bedroom/1-bath units, seven 1-bedroom/1-bath units, and one studio. Onsite amenities include a laundry facility and 18 dedicated parking spaces. The property is individually metered for electricity and represents a stabilized, low-maintenance investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0594995
    Latitude
    26.7258235

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    FAQs

    What type of property is this?
    Apartment building - Fully renovated 13-unit multifamily property in a high-growth area.
    Where is this apartment building located?
    The property is located at 1401 Division Ave West Palm Beach, FL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Fully renovated in 2021 with new mechanical systems, impact-rated windows/doors, and modern finishes.; - Turnkey, fully stabilized, and low-maintenance 13-unit multifamily property.; - Located in high-growth West Palm Beach.
    (561) 803-7779
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    1401 Division Ave West Palm Beach, FL 33401
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    West Palm Beach, FL 33401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1401 Division Ave West Palm Beach, FL 33401
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